No matter what industry you operate in, fleet insurance is essential. Without commercial fleet insurance, you may find yourself financially and legally liable for any accidents and damage caused by a vehicle in your fleet. However, despite the necessity of fleet insurance for companies, costs are on the rise. Last year, a full 48% of vehicle fleet managers saw their premiums rise. That's why it is more important than ever to know how you can keep costs down while maintaining the coverage you need. Fortunately, we have got you covered. Here are five essential tips for keeping your fleet vehicle insurance quotes as low as possible. 1. Train Your Drivers One of the most important steps you can take is ensuring all of your drivers are fully trained. Rather than simply assuming that the prerequisite licenses and qualifications of your drivers are sufficient, you should be adopting a proactive approach. All drivers should submit to regular and comprehensive training. This will make them more likely to drive safely and therefore improve the track record of your fleet. 2. Track Your Drivers Fleet tracking is one of the best ways to keep your insurance down. The data offered by dashcam technology and GPS tracking provide a reliable record of driver safety. In addition, drivers that know they are being tracked are more likely to take fewer risks when driving. Using the latest and most cutting-edge fleet tracking technology will also allow you to identify problem drivers and separate them from the rest of the fleet. Identifying bad apples is essential if you wish to keep insurance premiums low. 3. Shop Around for Fleet Insurance Many managers make the mistake of opting for the first and most convenient fleet insurance company they can find. However, although the market for fleet insurance is somewhat limited, there is a wide divergence in the offerings made by various providers. If you are looking for a new policy, take the time to do your research. In addition, speak to your existing provider and tell them that you are considering switching. They may attempt to offer you a more affordable insurance package in return. 4. Review Your Fleet Insurance Policies Do you really need windscreen cover for your fleet? What about blizzard coverage? Many insurance providers might simply offer types of coverage that do not apply to you and your fleet. For instance, windscreen coverage might seem appealing until you realize that replacing a damaged windscreen yourself is often much cheaper than paying a middleman to do it. Review your policy carefully to see if there is anything you can drop from it. 5. Use Vehicles That Are Cheaper to Insure This might be easier said than done, particularly if you have a fleet that has been on the road for a while. However, if you're trying to reduce costs over the long-term, you should audit your existing fleet and see if there is room to replace your existing vehicles for ones that cost less to insure. Even something as minor as switching to a different auto brand can have a huge impact on your insurance premiums. Reduce Your Costs Today If you're ready to harness cutting-edge technology to reduce your fleet insurance premiums, we are here to help. At TrackNet Online, we offer some of the most comprehensive driver tracking software on the market right now. To find out how our technology solutions can drive your costs down, don't hesitate to get in touch today.